- SUI price dropped 20% after a massive token unlock, but analysts see this dip as a potential setup for the next leg up.
- Fundamentals are strong: $14B in DEX volume and $450M in strategic funding support long-term value.
- ETF filings from major firms point to fast-growing institutional interest in the SUI ecosystem.
After ripping through July with solid gains, SUI seems to be cooling off a bit. It’s down almost 20% on the week, now floating around $3.46. But hey, not every dip is bad news. In fact, this one might be the breather that sets the stage for something bigger.
Michael van de Poppe, a well-known crypto analyst, sees this pullback as a golden window. If you missed the last run-up? This might just be your second shot.
Token Unlock Sparks Sell-Off, But Eyes Stay Forward
The drop came right after a hefty token unlock on August 1 — about 76.27 million SUI tokens hit the market, valued at nearly $210 million. That’s a big wave of fresh supply, and naturally, prices took a hit, slipping 23% from the recent highs around $4.50.
Still, institutional players aren’t running scared. In fact, they seem more committed than ever.
Analysts: This Isn’t a Collapse, It’s a Setup
Van de Poppe isn’t worried — in fact, he’s calling this an “interesting spot.” According to him, SUI is dipping back into a key support zone, one that used to be tough resistance. That’s the kind of structure traders love to see. If it holds, it could be the launchpad for the next leg up.
And it’s not just chart talk. Michael says this is a “market reversal phase,” where strong ecosystems start to reassert themselves. And in his eyes, SUI is one of the strongest out there.
Beyond the Charts: Real Momentum Is Brewing
There’s substance behind the sentiment. A couple of big developments are helping to reinforce SUI’s longer-term strength:
- Record DEX volume: SUI set a new all-time high in July with over $14 billion in decentralized exchange trading volume. That’s real usage, not just hype.
- $450 million raised: Mill City Ventures locked in a massive private placement to back a new SUI Treasury Strategy — a major sign of institutional faith.
SUI ETF Buzz Heating Up
And the ETF wave? Oh, it’s building fast. Canary Capital and 21Shares have already filed for spot ETFs centered on SUI. Meanwhile, big names like Grayscale, VanEck, and Bitwise are getting in on the action with their own investment vehicles.
That’s a lot of firepower circling a single project — and it’s hard not to notice.
